The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar. The currency is up more than 3% in June, its sixth month of advances. Those gains have come as the dollar falters, with the…
NEW DELHI: The affordable housing segment in India’s 15 major tier 2 cities witnessed a sharp 54 per cent decline during the January-March quarter (Q1) of 2025, according to the latest analysis by real estate data firm PropEquity, quoted by ANI. Overall new housing supply in these cities dropped by 35 per cent year-on-year to…
Wall Street slipped Thursday morning as markets digested a surprise drop in US wholesale prices and oil tumbled on growing optimism over a potential nuclear agreement between the United States and Iran.The Dow Jones Industrial Average fell 170.92 points, or 0.41%, to 41,880.14 at the initial minutes of market opening. The Nasdaq Composite dropped 83.94…
Gold prices fell sharply by Rs 1,000 to Rs 98,400 per 10 grams in National capital (AI image) Gold rate today: Gold prices fell sharply by Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday, weighed by weak global trends, according to the All India Sarafa Association. The 99.9 per…
US President Donald Trump (Photo-AP) US President Donald Trump escalated trade tensions with Canada on Tuesday by doubling tariffs on steel and aluminum imports from 25% to 50%, citing price hikes on electricity by Ontario’s provincial government as the reason for the move.“I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff,…
MUMBAI: Retail credit growth in India slowed in Q2FY25, with affordable housing and low-cost two-wheeler loans recording the steepest decline. According to the TransUnion Cibil credit market indicator report for the Sept quarter, loans disbursed for affordable housing (up to Rs 35 lakh) fell 12% year-on-year, while loans for houses between Rs 35 lakh and…
The New York Stock Exchange is shown in New York’s Financial District on December 31, 2024. (AP) NEW YORK: The tech-rich Nasdaq tumbled early Monday as traders around Wall Street and other global bourses reacted to the emergence of a low-cost Chinese generative AI venture that has apparently overtaken US companies.DeepSeek, which was developed by…
NEW DELHI: The country’s economic growth in July-Sept quarter of the current fiscal year slowed to a seven-quarter low, dragged down by slowing manufacturing and a contraction in mining. The services sector remained stable and the farm segment staged a rebound.Data released by the National Statistics Office showed GDP grew by 5.4% in the three…